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To find the number of firms in a specific industry or market, you can use a combination of methods such as analyzing industry reports, accessing databases like Dun & Bradstreet or IBISWorld, and reviewing government statistics or business registries. Surveys and market research can also provide insights into the competitive landscape. Additionally, you can look into trade associations that often keep track of their members, which can give a clearer picture of the number of active firms.

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What is the relationship between the number of firms and influence over price?

The relationship between the number of firms in a market and their influence over price is inversely proportional. In perfectly competitive markets, a larger number of firms leads to greater competition, which typically drives prices down as firms cannot set prices above market equilibrium. Conversely, in markets with fewer firms or monopolies, firms have more power to influence or set prices, often leading to higher prices for consumers. Thus, as the number of firms increases, their individual influence over pricing diminishes.


What would happen if there was an increase in the number of firms?

Pushes it out


What effect does the number of firms in an oligopoly have on the characteristic of the market?

In an oligopoly, the number of firms significantly influences market dynamics. A few firms result in higher market concentration, leading to greater interdependence, where each firm's decisions impact the others. This can result in price rigidity and collusive behavior, as firms may coordinate to maximize profits. Conversely, a larger number of firms within an oligopoly can increase competition, making it less likely for firms to engage in collusion and potentially leading to lower prices and increased innovation.


The market structure that is characterized by a small number of large firms that have some market power is called?

The market structure that is characterized by a small number of large firms that have some market power is called


What is the effect of having a great number of firms in a industry?

flowers is the effection

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What is the relationship between the number of firms and influence over price?

The relationship between the number of firms in a market and their influence over price is inversely proportional. In perfectly competitive markets, a larger number of firms leads to greater competition, which typically drives prices down as firms cannot set prices above market equilibrium. Conversely, in markets with fewer firms or monopolies, firms have more power to influence or set prices, often leading to higher prices for consumers. Thus, as the number of firms increases, their individual influence over pricing diminishes.


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